Jin Rong Shi Bao·2025-08-08 07:04Core Insights - The overall dividend realization rate of participating insurance products has significantly improved in 2024 compared to the low performance in 2023, with many products from leading companies exceeding 100% realization rates [1][2][4] Summary by Sections Dividend Realization Rate Improvement - The dividend realization rate, which measures the actual dividends paid against projected dividends, has shown a notable increase, with over 200 products from more than 30 insurance companies achieving rates of 100% or higher [2][3] - Leading companies like Xinhua Insurance reported that 56 out of 59 participating products had a realization rate of 100%, with an average of 152%, while 11 out of 12 new products from Ping An Life also reached 100% [2] Factors Driving Improvement - The improvement in dividend realization rates is attributed to strong investment returns and optimized regulatory policies. The comprehensive investment return rate for life insurance companies in 2024 is reported at 7.45%, an increase of 4.08 percentage points year-on-year [4] - Regulatory adjustments have provided larger companies with more flexibility, with the upper limit for actual yield rates set at 3.2% for small and medium-sized companies and 3.0% for large companies [4][5] Long-term Market Trends - The dividend insurance market is moving towards a healthier development path due to the dual influence of regulatory reinforcement and market self-regulation. This shift is expected to enhance the focus on asset-liability matching and investment risk management within the industry [7][9] - The importance of the dividend realization rate as a measure of an insurance company's fulfillment capability is increasingly recognized, with high realization rates indicating prudent actuarial assumptions and effective investment management [8]